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China UnionPay seeks to turn its bank cards into international force

TOKYO -- China UnionPay is racing to make its bank cards acceptable everywhere it wants to be around the globe.

     In Thailand, 70% of retail stores accept UnionPay cards. Though that makes it convenient for Chinese tourists, the company is seeking to spread the use among Thais. UnionPay hit the ground running toward that goal when it signed a chip card licensing agreement with the Thailand Bankers Association on Aug. 18.

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